The cash comprised Rs 16 lakh in denomination of 2000 rupee and rest in Rs 100 bill, police said today.

In the first incident, one Hiren Joshi was nabbed by Bhaktinagar police with 400 notes of Rs 2000.

"Based on a tip off, we intercepted Joshi near Kothariya colony area late last night. Upon searching his bag, we found Rs 8 lakh in cash. All notes were of Rs 2000 denomination," said Bhaktinagar police sub-inspector M J Dhadhal.

According to police, Joshi told them he has been asked by a person to deliver these notes to an auto spare parts dealer who has a shop on 80-feet ring road.

"Since Joshi could not give any specific details about the source of cash, we have detained him and informed Income Tax department about the cash seizure. We have also launched a hunt to nab the supplier as well as receiver of these notes," Dhadhal added.

In another incident on the outskirts of the city, police nabbed two persons with Rs 8.35 lakh cash, including Rs 8 lakh in Rs 2000 bills and Rs 35,000 in Rs 100.

"Two persons on a bike were intercepted by our staff when they tried to drove away upon seeing the police near Pedak Road Gate. Upon searching their bag, we found Rs 8.35 lakhs cash, including 400 notes of Rs 2000 and 350 notes of Rs 100," said B division police inspector D H Bhatt.

The duo were identified as Ashok Koshiya and Kaushik Rajyaguru.

"They claimed to be wholesale dealers but failed to give any satisfactory explanation about the cash in their possession. We have taken them in custody and informed I-T department for further action," said Bhatt. PTI VJA PJT PD NSK JMF

This is unedited, unformatted feed from the Press Trust of India wire.

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